In a surprising turn of events, Michael Saylor, co-founder of Strategy—known globally as a leader in Bitcoin treasury management—suggested a renewed initiative to augment the company’s substantial Bitcoin holdings. This announcement comes on the heels of a recent earnings call, during which he hinted at the possibility of selling a portion of their Bitcoin assets for the first time since their inception in 2020.
On Sunday, Saylor took to X, formerly Twitter, to drop a tantalizing remark: “Back to work, BTC,” rekindling speculation among enthusiasts about imminent Bitcoin purchases. Past communications of this nature have often preceded significant market activities, typically followed by a BTC acquisition within a day.
Currently, Strategy boasts an impressive average acquisition cost of $75,537 per Bitcoin, with recent reports indicating a 7.6% increase in their BTC investment. The firm’s latest procurement on April 27 added 3,273 coins to its reserves, marking a valuation of approximately $61.8 billion, as per data from the company.
[p][/p]
Despite these bullish signals, Saylor's previous comments during the Q1 2026 earnings call drew mixed reactions. He indicated that the company might periodically divest a fraction of its Bitcoin reserves to fund dividends for holders of its credit instruments. This strategy seemingly contradicts Strategy's earlier position of maintaining a steadfast hold on its Bitcoin assets.
“We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market,” Saylor stated during the earnings call, inciting a flurry of discussion within the cryptocurrency community. Some investors viewed these periodic sales as a necessary mechanism to bolster the company’s treasuries and finance future Bitcoin purchases, while critics warned it could introduce detrimental selling pressure on Bitcoin’s market price.
Despite skepticism, Strategy CEO Phong Le defended the company’s approach, asserting that any sales would be strategically timed and intended to ensure financial stability. Highlighting the market's breadth, Le noted that Bitcoin's average daily trading volume exceeds $60 billion, suggesting that the company’s potential $1.5 billion in annual dividend obligations would be easily absorbed.
As the cryptocurrency landscape remains volatile, investors will closely monitor Strategy’s movements. The implications of Saylor's recent statements could either reaffirm confidence in Bitcoin's stature or signal a shift in the operational strategy of one of the industry's most influential players.
Download the latest insights on Bitcoin and stay updated on market trends with Strategy.
Source: Cointelegraph
